Chinese manufacturing weakens amid COVID-19 outbreak – By Associated Press (Seattle PI) / Dec 31, 2022
BEIJING (AP) — Chinese manufacturing contracted for a third consecutive month in December, in the biggest drop since early 2020, as the country battles a nationwide COVID-19 surge after suddenly easing anti-epidemic measures.
A monthly purchasing managers’ index declined to 47.0 from 48.0 in November, according to data released from the National Bureau of Statistics on Saturday. Numbers below 50 indicate a contraction in activity.
The contraction was the biggest since February 2020, when the COVID-19 pandemic had just started.
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